ITAT Rules Interest Reflected in Form 26AS Cannot Alone Determine Taxability, Assessee Must Prove that FD Funds Belonged to Another Entity:

ITAT Rules Interest Reflected in Form 26AS Cannot Alone Determine Taxability, Assessee Must Prove that FD Funds Belonged to Another Entity

The ITAT Bangalore has restored a dispute to the AO concerning taxability of fixed deposit interest earned on funds belonging to another company.

ITAT Remands FD Interest Taxability Dispute

authorSaimadateJul 18, 2026
Last update on Jul 17, 2026
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ITAT Rules Interest Reflected in Form 26AS Cannot Alone Determine Taxability, Assessee Must Prove that FD Funds Belonged to Another Entity

The ITAT Bangalore has restored a dispute to the AO concerning taxability of fixed deposit interest earned on funds belonging to another company.

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Saima

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Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
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Delhi, Delhi, India
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